Daily Research 03 April 2017

S2 S1 IDX R1 R2
5,534 5,563.7   5,568.1 5,620 5,650
  • Dow Jones closed 0.3% lower last Friday.
  • Regional bourses traded mixed after Donald Trump’s comment on North Korea, ahead of China’s President scheduled visit to US this week.
  • IDX traded lower after failed to break its strong diagonal resistance.
  • We expect IDX to trade mixed with negative tendency today.

Sell on Strength

S2 S1 Level R1 R2
15,950 16,325 16,650 16,825 17,200

BBCA ended the trading negatively with a bearish engulfing formation with a high enough volume suggesting a further downturn.


Buy on Weakness

S2 S1 Level R1 R2
2,850 3,000 3,060 3,255 3,370

EXCL closed the session lower with a long black candle formation near its short term diagonal support uptrend channel and a low volume indicating a limited downside potential.


Sell on Strength

S2 S1 Level R1 R2
11,800 12,675 13,200 13,600 14,475

PTBA was still in positive side but with a close near its horizontal resistance that could limit the upside movement.


Speculative Buy

S2 S1 Level R1 R2
485    525 495 500 500 515

WSBP ended the sessio n negatively in diagonal support area downtrend channel in a low volume and RSI in oversold area that could slow down the downswing.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s